To avoid more complex and time consuming thing, only a Japanese resident
will be the sole promoter.
As promoter he will subscribe for one share in the new company and 'offer'
the remaining shares for subscription by the foreign parent company.
After the incorporation, the share that issued to the promoter will be surrendered to the parent company. Then the parent company holds 100% shares!
Non-Japan resident can be a director of your Japan subsidiary.

Formed as a 100% subsidiary of a Foreign corporation. Incorporation with
Offering.

Preparation of a minutes of the promoter meeting; (company name, purpose
of business, shares to be subscribed for by the promote, shares to be offered
to other subscribers, etc.) 2 copies of the minutes.

6. Notarization of the Articles of Incorporation

At a public notary. (Stamp duty of JPY 40,000, a notary fee of JPY 50,000 etc.)

7. Appointment of a bank to handle the share subscription money

8. Public Offering

Allotment of shares to the parent company

Subscription of shares

9. Establishment meeting by the subscribers

Appoint directors and auditors

10. Board of director's meeting

Approval of directors etc. Keep minutes.

Consent to shortening of convening period of establishment meeting

11. Register of Establishment

Application for registration (with representative seal that are registered and Registration and license tax of JPY 150,000)